- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Beaufort buys into London broker HB Markets

Beaufort said the purchase is the first stage in a series of strategic developments for the group.

Regulator faces backlash on expensive new offices

However, financial services groups and MPs denounced the move as “lavish” at a time when financial services firms – who pay for the regulators – are tightening their belts.

Man Group Has $1 Billion Outflow; Shares Fall on Lower Cash

The shares slid as much as 8 percent as analysts cut their earnings forecasts for the company.

Credit Suisse’s Asset Management Division Releases the Q2 2012 Edition of the Alternatives Quarterly

Mr. Keitel views the recent correction in risky assets not as a reversal of fortune for the markets, but rather as a renewed buying opportunity in the coming weeks for investors, especially in light of what he believes are attractive valuations.

Absolute Return riles the critics

This is a sector with clear investor appeal. The problem is there are many methods of endeavouring to deliver the expected return and it is not always easy to determine which approach is being taken.

Dexion Capital set to float new investment company

DCG IRIS Limited is a proposed new London-listed, closed-end investment company seeking attractive returns from insurance linked strategies (‘ILS’).

Man Group CEO dismisses need for takeover

The firm, which reported a reduction in net client outflows, holds its annual general meeting on Tuesday.

Man Group Has $1 Billion Outflows; Shares Slide on Cash Concern

The shares slid as much as 8 percent. Clients redeemed $4.1 billion from Man’s investment funds, which was partly offset by $3.1 billion of sales, the London-based company said today.

Gemini to bring Asia funds to UK

Gemini provides distribution and marketing for asset managers that have limited expertise in the retail and wholesale marketplace in Europe.

Why Aussie businesses are flocking to list on the Frankfurt Stock Exchange

Phil Jones, chairman and chief executive of Hemiphon, is in no doubt as to why the workforce management company has listed on the Frankfurt Stock Exchange, putting it down to “speed to market and cost”.

Irish funds industry expands presence in Asia

The office in Hong Kong was formally announced at Fund Forum Asia by Pat Lardner who has just taken up the position of chief executive of the IFIA.

London Stock Exchange lures more Nigerian firms

Webster-Smith, who spoke exclusively with BusinessDay, noted that the LSE currently hosts a lot of Africa-focused companies, including three Nigerian related companies such as Guaranty Trust Bank plc, Diamond Bank plc, and Afren.

Aberdeen, Kames Capital and Skandia Investment Group to host joint roadshow

Aberdeeen Asset Management, Kames Capital and Skandia Investment Group are to host a joint roadshow throughout May and June 2012.

Rabobank eyes possible sale of fund management arm

A spokesman for the cooperatively-owned bank said on Friday it was reviewing "strategic options" for fund management arm Robeco, confirming a Dutch media report, but declining to comment on any of the details.

Dexia private equity bids are in

First-round offers were due by Tuesday, one source said, although none were in a position to comment on a report that the auction for the asset management arm of Franco-Belgian bank Dexia SA could fetch as much as €750 million ($992 million).

RBC Dexia Retains Top Ranking with Dominant Showing in Global Investor's 2012 Custody Survey

RBC Dexia also took top spot in all three overall (unweighted) regional tables: Best Custodian Overall - EMEA, Best Custodian Overall - Americas, and Best Custodian Overall - Asia Pacific.

Bank of China Becomes Member of the London Metal Exchange

The bourse is considering takeover bids for the 135-year-old exchange after trading volume climbed to a record last year.

Jupiter launches strategic reserve fund

The multi-asset fund is an onshore version of its Jupiter strategic total return Sicav and has an emphasis on capital growth and low volatility.

Schroders launches Managed Monthly High Income Fund

The monthly distributions will be approximately uniform, with a potential yield of 5.5%1 or more per annum.

LCH.Clearnet buys U.S. rival

LCH announced Tuesday, April 24, that it will buy Nasdaq OMX Group Inc.'s majority stake in IDCG and in return give Nasdaq a stake in LCH. As of November 2010, that stake was roughly 80% of IDCG

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